Locked gmps -very small Pension -Transfer to DC

Dandytf

As I have read recently via mse and found a form today.
If I were to transfer a very small locked Pension (a couple of hundred pounds) across to recent employers DC.
Does this mean I'de loose my gmps choice of Investments, or do they continue in addition to DC choices.

Brynsam

If you transfer benefits which currently contain a GMP to your employer's DC scheme, the GMP simply becomes part of the DC scheme along with your other benefits in the DC scheme.

Dandytf

Brynsam said:

If you transfer benefits which currently contain a GMP to your employer's DC scheme, the GMP simply becomes part of the DC scheme along with your other benefits in the DC scheme.

What about investment funds -are they combined or stay as is once moved over to DC.

molerat

Your current scheme will effectively be cashed in and will simply transfer a £ value into the new scheme.

Dandytf

molerat said:

Your current scheme will effectively be cashed in and will simply transfer a £ value into the new scheme.

Thanks every reply.
That means transfer value is used with DC Investment choice.

Brynsam

Dandytf said:

molerat said:

Your current scheme will effectively be cashed in and will simply transfer a £ value into the new scheme.

Thanks every reply.
That means transfer value is used with DC Investment choice.

That's just what it means.

If your transfer value is £30,000 or more, remember you will need to receive advice before you can transfer. Expect to pay around £5,000 for the advice - lots of threads on this site about the difficulty of finding an adviser etc.

Dox

Brynsam said:

If you transfer benefits which currently contain a GMP to your employer's DC scheme, the GMP simply becomes part of the DC scheme along with your other benefits in the DC scheme.

Not sure if OP is actually referring to Greater Manchester Pension Scheme rather than Guaranteed Minimum Pension? Same answers, whichever it is!

Dandytf

Dox said:

Brynsam said:

If you transfer benefits which currently contain a GMP to your employer's DC scheme, the GMP simply becomes part of the DC scheme along with your other benefits in the DC scheme.

Not sure if OP is actually referring to Greater Manchester Pension Scheme rather than Guaranteed Minimum Pension? Same answers, whichever it is!

Group Money Protection Scheme via ex employers.
Thanks anyway balance is <400 pounds though with my recent choice of scheme investment funds.
Though for 1 form I'll probably swap it over to current DC scheme if it makes any difference.

garmeg

Dandytf said:

Dox said:

Brynsam said:

If you transfer benefits which currently contain a GMP to your employer's DC scheme, the GMP simply becomes part of the DC scheme along with your other benefits in the DC scheme.

Not sure if OP is actually referring to Greater Manchester Pension Scheme rather than Guaranteed Minimum Pension? Same answers, whichever it is!

Group Money Protection Scheme via ex employers.
Thanks anyway balance is <400 pounds though with my recent choice of scheme investment funds.
Though for 1 form I'll probably swap it over to current DC scheme if it makes any difference.

For £400 just transfer it as it is neither here nor there.

Dandytf

garmeg said:

Dandytf said:

Dox said:

Brynsam said:

If you transfer benefits which currently contain a GMP to your employer's DC scheme, the GMP simply becomes part of the DC scheme along with your other benefits in the DC scheme.

Not sure if OP is actually referring to Greater Manchester Pension Scheme rather than Guaranteed Minimum Pension? Same answers, whichever it is!

Group Money Protection Scheme via ex employers.
Thanks anyway balance is <400 pounds though with my recent choice of scheme investment funds.
Though for 1 form I'll probably swap it over to current DC scheme if it makes any difference.

For £400 just transfer it as it is neither here nor there.

Then maybe I'll not swap 377 from 

Atlas APC exJPN Eqt Ind Trk
Atlas Wld ex UK Eq Ind TrK Thanks